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In the textual example, Muhammad Yunus was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. This success created an incentive for other banks to:

a) Seek government action to ban group responsibility lending.
b) Offer similar loans to the poor.
c) Go out of business.
d) All of these.

Respuesta :

sandlee09

Answer:

b) Offer similar loans to the poor.

Explanation:

Muhammad Yunus is a Bangladeshi economist, and civil society leader who was awarded the Nobel Peace Prize for the concepts of microcredit and microfinance, which provided loans to entrepreneurs too poor to qualify for traditional bank loans. According to my research on Yunus's teachings, I can say that based on the information provided within the question his success created an incentive for other banks to offer similar loans to the poor.

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